President Donald Trump’s attempt to create U.S. jobs by taxing solar panel imports could backfire.
That’s according to the CEO of the Solar Energy Industries Association trade group, who says it’s domestic workers that will feel the pain.
“We have been the fastest growing form of new energy...and this is putting the brakes on that crazy growth,” Abigail Ross Hopper told Cheddar in an interview. “These are not people who are looking for what nationality the company they work for is. They just want to feed their families and pay their mortgages. And those are the people whose jobs are at risk.”
Earlier this week President Trump signed a law that would impose a 30 percent tariff on imported solar panel and sells, a move the administration says will encourage domestic manufacturing.
But the SEIA says the vast majority of the 260,000 Americans employed in the industry work in peripheral industries like installation. Ross Hopper says the bill will result in 23,000 layoffs this year and delay or cancel billions of dollars of investment in the sector.
She also says it might dissuade U.S. consumers from going green.
“Most [businesses and consumers] want to choose solar because it saves them money,” she said. “This decision changes that calculus.”
For full interview [click here](https://cheddar.com/videos/solar-power-in-america).
Cheddar brings you the latest updates on the New Hampshire primary
CEO Ronan Levy made comments regarding opportunities for psychedelics following a fundraise of $8.5 million by Field Trip.
Sec. Ryan McCarthy, a former Army Ranger and Lockheed Martin executive, told Cheddar in an interview on Tuesday that "the border wall is a national security issue."
Democrats and Republicans in the Granite State are finding themselves in agreement on opening its border with Canada to import cheaper drugs for its citizens suffering under onerous domestic pricing issues.
World Health Organization's leader Dr. Tedros Adhanom Ghebreyesys revealed the name of the disease currently afflicting China and other parts of the world: COVID-19 (a mashup of "Coronavirus Disease 2019).
Revelstoke Coffee in Concord, N.H., has become an important pitstop this year for presidential candidates, giving locals a chance to meet with those vying for their votes.
Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the broadening viral outbreak that began in China.
These are the headlines you Need 2 Know for Tuesday, February 11, 2020
The plan proposes increasing military spending slightly and lowering non-defense spending, seemingly bucking the agreement made by Congressional leaders and the White House this summer that passed both chambers with bipartisan support.
Despite more businesses being owned by women and women of color, National Women's Business Council member Shelonda Stokes notes it's only the beginning of the story.
